Want to avoid getting burned by a lease-purchase agreement?

well put

God bless every American and their families! God bless the U.S.A.!

 

Actually it's truck stop counter blather and completely ingnorant of the facts. Articulate ignorance, is still ignorance.

 

In 99 cases its rather accurate. All those prime/cr england type lease purchases that pay 90 cpm plus a piddlly wink fsc equate to a guy getting a smaller pay package. Workmans comp, matching 401k, group health care costs, employers share of social security tax. These have value and must be factored in to the over all income discussion.

 

Is it? Tell me; what is the average NET revenue generated by the average LP guy at a mega?

 

I disagree. Megas train drivers to avoid potential litigation. They're trained to make the mega as safe as possible. They also teach a driver very little about the business in regards to rates, negotiations, permits, plates, IFTA etc etc. Their job isn't to train a driver to run a business. Their only goal and purpose is to train that driver to make as much revenue for the mega as possible yet keep just enough for the sucker behind the wheel. Just watch some videos of the lease guys on YouTube. They're all idiots.

 

if you got a loan to buy a truck the bank owns you

 

I'm a firm believer in the proverb The borrower is slave to the lender. However something can be said about using other people money to make money for you. For example buying an affordable home with a low interest mortgage vs renting.

 

never been in debt and Im 45 now I never will own my home and Im ok with that. My credit score is 00 cause they dont know I excist and Im doubly ok with that

 

I might be an Idiot, but I want to be an Idiot with some change in my pocket. So I was considering going LP with Prime Inc, Im currently a company driver, and would like some advice from current / former drivers who have leased. Dont knock it until you try it! I was thinking either Prime or Wiltrans, which pulls Prime loads.